The problem is that we don't have a big enough workforce to fill the jobs and continue growth. That causes companies to overpay. Good and bad to that.
I think what we are seeing is that 20-54 are all mostly back to work. Its folks 55+ who aren't or retired and are happy to stay out of the market.
The key will be graduation rates and how many kids are 16-19 that will be entering the work force or college in the next few years.